Tenant: McAlister’s Deli | Grovetown, GA
Premises: 3,800 SF
Renewal Options: 5 x 5 Years
Lease Expiration: 9/30/2036
Lease Type: Absolute NNN Ground Lease
Rental Increases: 7.5% Every 5 Years
Sands Investment Group is Pleased to Present Exclusively For Sale the Absolute NNN Ground Lease Fast Casual Restaurant Located on 230 Meridian Drive in Grovetown, Georgia.
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. # 67374
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McAlister’s Deli is an American chain of fast casual restaurants founded in 1989 in Oxford, Mississippi, by retired dentist Dr. Don Newcomb. Nearly three decades ago, he had a vision to turn an abandoned movie-set diner into a small, yet charming, neighborhood restaurant & gathering place. That vision became a reality and now there are currently over 400 locations in 28 states, ranging from Virginia in the East to Florida in the South to Arizona in West to Michigan in the North. The menu includes deli sandwiches, “Texas-size” spuds, soups, salads, and desserts, as well as catering items such as sandwich trays and boxed lunches. The chain is also known for its McAlister’s Famous Sweet Tea, which is available by the glass or by the gallon.
McAlister’s Deli is owned by Focus Brands, which is an affiliate of private equity firm Roark Capital Group. Atlanta-based FOCUS Brands Inc. (“FOCUS Brands”) is a leading developer of global multi-channel foodservice brands. FOCUS Brands, through its affiliate brands, is the franchisor and operator of more than 6,000 restaurants, cafes, ice cream shops and bakeries in the United States, the District of Columbia, Puerto Rico and over 50 foreign countries under the brand names Auntie Anne’s®, Carvel®, Cinnabon®, Jamba®, Moe’s Southwest Grill®, McAlister’s Deli®, and Schlotzsky’s®, as well as Seattle’s Best Coffee® on certain military bases and in certain international markets.